Aris Water Solutions, Inc. (NYSE:ARIS) Given Consensus Rating of “Buy” by Brokerages

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) have earned an average rating of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $15.25.

Separately, US Capital Advisors upgraded shares of Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, October 28th.

Insider Transactions at Aris Water Solutions

In related news, COO Brunt David Dylan Van sold 14,813 shares of Aris Water Solutions stock in a transaction on Monday, August 12th. The shares were sold at an average price of $14.84, for a total value of $219,824.92. Following the completion of the sale, the chief operating officer now owns 94,690 shares in the company, valued at approximately $1,405,199.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 23.06% of the company’s stock.

Hedge Funds Weigh In On Aris Water Solutions

Several institutional investors have recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in Aris Water Solutions by 1.7% in the second quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock worth $691,000 after purchasing an additional 758 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Aris Water Solutions in the second quarter worth about $27,000. Kings Path Partners LLC lifted its holdings in Aris Water Solutions by 2.6% in the 3rd quarter. Kings Path Partners LLC now owns 67,234 shares of the company’s stock valued at $1,134,000 after acquiring an additional 1,735 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Aris Water Solutions by 9.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company’s stock valued at $313,000 after acquiring an additional 1,902 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Aris Water Solutions by 3.3% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 73,471 shares of the company’s stock valued at $1,151,000 after acquiring an additional 2,328 shares during the last quarter. Institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Stock Performance

Shares of ARIS opened at $16.56 on Tuesday. The company has a 50-day simple moving average of $16.47 and a 200-day simple moving average of $15.82. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $962.30 million, a PE ratio of 22.08 and a beta of 1.62. Aris Water Solutions has a 52-week low of $7.22 and a 52-week high of $18.99.

Aris Water Solutions (NYSE:ARIS) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $101.12 million during the quarter, compared to the consensus estimate of $97.86 million. Aris Water Solutions had a net margin of 5.97% and a return on equity of 3.51%. Equities research analysts predict that Aris Water Solutions will post 0.88 earnings per share for the current fiscal year.

Aris Water Solutions Company Profile

Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.